Autofill Legal Ohio UCC Forms For Free

Entities that have an interest in a Section 202 and/or Section 811 property must file a UCC as part of the closing process and every five years thereafter. You may also have your Title Company file the UCC.

The purpose of filing a financing statement is to ?perfect? an interest in collateral involved in a secured transaction (it is a means by which a lender may protect its right to collateral that a debtor has used to secure a loan). A financing statement places a lien on personal property.

To search for Ohio UCC filings: Go to Ohio Business Central: UCC Filing Portal. Enter the financing statement number, debtor name or secured party name and select Search. To view company filings click on View for your company.

UCC-1 filings do have a shelf life. Once filed, a UCC-1 Financial Statement is typically active for five years. It's common, of course, for the terms of a business loan to extend past that, so lenders need to remember to renew the UCC-1 filing at the first five year mark, and every five years thereafter.

Fill in the debtor's name and mailing address. It may be an individual, or it may be in the name of a business or organization. If the loan is in the name of the business, include the business mailing address. There is space for additional debtors. Include them exactly as they appeared on the loan agreement.

A purportedly terminated financing statement can be amended, assigned, or even continued. If continued, the record will remain active for another five years.